$LAMR
LAMAR ADVERTISING CO/NEW

2018 Q1 Form 10-Q Financial Statement

#000156459018010171 Filed on May 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $361.0M $346.4M
YoY Change 4.23% 2.31%
Cost Of Revenue $138.3M $131.8M
YoY Change 4.93% 2.41%
Gross Profit $222.7M $214.5M
YoY Change 3.84% 2.24%
Gross Profit Margin 61.69% 61.93%
Selling, General & Admin $91.30M $88.70M
YoY Change 2.93% 7.13%
% of Gross Profit 40.99% 41.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.80M $51.40M
YoY Change 10.51% -0.19%
% of Gross Profit 25.5% 23.96%
Operating Expenses $148.2M $140.1M
YoY Change 5.78% 4.32%
Operating Profit $65.88M $75.47M
YoY Change -12.7% -13.09%
Interest Expense $33.58M $31.48M
YoY Change 6.66% 4.71%
% of Operating Profit 50.97% 41.72%
Other Income/Expense, Net -$48.98M -$31.48M
YoY Change 55.61% -5.21%
Pretax Income $16.90M $43.99M
YoY Change -61.59% -17.97%
Income Tax $1.844M $2.199M
% Of Pretax Income 10.91% 5.0%
Net Earnings $15.05M $41.79M
YoY Change -63.98% -18.57%
Net Earnings / Revenue 4.17% 12.06%
Basic Earnings Per Share $0.15 $0.43
Diluted Earnings Per Share $0.15 $0.42
COMMON SHARES
Basic Shares Outstanding 98.30M 97.58M
Diluted Shares Outstanding 98.73M 98.15M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00M $31.60M
YoY Change -68.35% 11.27%
Cash & Equivalents $10.05M $31.62M
Short-Term Investments
Other Short-Term Assets $59.29M $129.3M
YoY Change -54.14% 184.11%
Inventory
Prepaid Expenses
Receivables $209.2M $189.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $356.0M $350.3M
YoY Change 1.63% 7.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.193B $1.175B
YoY Change 1.52% 0.68%
Goodwill $1.737B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.86M $41.60M
YoY Change 39.08% 7.35%
Total Long-Term Assets $3.759B $3.574B
YoY Change 5.15% 0.2%
TOTAL ASSETS
Total Short-Term Assets $356.0M $350.3M
Total Long-Term Assets $3.759B $3.574B
Total Assets $4.115B $3.925B
YoY Change 4.84% 0.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.18M $18.20M
YoY Change 5.36% -3.76%
Accrued Expenses $81.28M $92.80M
YoY Change -12.42% 2.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.98M $39.50M
YoY Change -39.3% 121.21%
Total Short-Term Liabilities $223.6M $246.1M
YoY Change -9.15% 13.41%
LONG-TERM LIABILITIES
Long-Term Debt $2.604B $2.385B
YoY Change 9.16% -1.44%
Other Long-Term Liabilities $30.86M $239.3M
YoY Change -87.11% 876.73%
Total Long-Term Liabilities $2.635B $2.625B
YoY Change 0.39% 7.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.6M $246.1M
Total Long-Term Liabilities $2.635B $2.625B
Total Liabilities $3.074B $2.871B
YoY Change 7.09% -0.09%
SHAREHOLDERS EQUITY
Retained Earnings -$713.7M
YoY Change
Common Stock $1.778B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.41M
YoY Change
Treasury Stock Shares $388.9K
Shareholders Equity $1.040B $1.054B
YoY Change
Total Liabilities & Shareholders Equity $4.115B $3.925B
YoY Change 4.84% 0.77%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $15.05M $41.79M
YoY Change -63.98% -18.57%
Depreciation, Depletion And Amortization $56.80M $51.40M
YoY Change 10.51% -0.19%
Cash From Operating Activities $40.77M $34.50M
YoY Change 18.18% -33.01%
INVESTING ACTIVITIES
Capital Expenditures $23.25M $19.24M
YoY Change 20.88% -6.71%
Acquisitions $6.637M $17.78M
YoY Change -62.67% -96.46%
Other Investing Activities -$5.600M -$16.20M
YoY Change -65.43% -96.74%
Cash From Investing Activities -$28.85M -$35.40M
YoY Change -18.49% -93.16%
FINANCING ACTIVITIES
Cash Dividend Paid $171.1M
YoY Change
Common Stock Issuance & Retirement, Net $138.0K -$3.937M
YoY Change -103.51% 130.91%
Debt Paid & Issued, Net $5.703M $5.625M
YoY Change 1.39% 49.8%
Cash From Financing Activities -117.0M -3.200M
YoY Change 3557.72% -100.68%
NET CHANGE
Cash From Operating Activities 40.77M 34.50M
Cash From Investing Activities -28.85M -35.40M
Cash From Financing Activities -117.0M -3.200M
Net Change In Cash -105.4M -4.100M
YoY Change 2471.34% -183.67%
FREE CASH FLOW
Cash From Operating Activities $40.77M $34.50M
Capital Expenditures $23.25M $19.24M
Free Cash Flow $17.52M $15.26M
YoY Change 14.78% -50.57%

Facts In Submission

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0
CY2018Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2656097000
CY2018Q1 lamr Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
28728000
CY2018Q1 lamr Debt Instrument Carrying Amount Non Current
DebtInstrumentCarryingAmountNonCurrent
2627369000
CY2018Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28137000
CY2018Q1 us-gaap Long Term Debt
LongTermDebt
2627960000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2585409000
CY2017Q4 lamr Debt Instrument Carrying Amount Current
DebtInstrumentCarryingAmountCurrent
22797000
CY2017Q4 lamr Debt Instrument Carrying Amount Non Current
DebtInstrumentCarryingAmountNonCurrent
2562612000
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28719000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
2556690000
CY2018Q1 us-gaap Line Of Credit
LineOfCredit
175000000
CY2018Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2689914000
CY2018Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2656097000
CY2018Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
182000
CY2017Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
91000
CY2018Q1 lamr Preferred Stock Dividend Shares
PreferredStockDividendShares
31.90
CY2017Q1 lamr Preferred Stock Dividend Shares
PreferredStockDividendShares
15.95
CY2018Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2018-02-22
CY2018Q1 us-gaap Dividends Cash
DividendsCash
89542000
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.91
CY2017 us-gaap Dividends Cash
DividendsCash
81534000
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.83
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-713687000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-639106000
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
25412000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
41787000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
17664000
CY2018Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
81277000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
197675000
CY2018Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
99160000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2478000

Files In Submission

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0001564590-18-010171.txt Edgar Link pending
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lamr-10q_20180331.htm Edgar Link pending
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